BEIJING (Bloomberg): China will hold its highest-profile annual political meeting in late May, after it was postponed for the first time in decades as authorities worked to contain the coronavirus outbreak.
The Standing Committee of the National People’s Congress decided to hold this year’s meeting on May 22, according to the official Xinhua News Agency. The government usually uses the meeting to announce its annual growth target, defence spending projections and other key policy decisions then.
Any growth target released at the meeting will be closely watched after the virus outbreak pushed China’s economy into its first contraction in decades last quarter, with GDP shrinking 6.8% from a year ago.
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